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Such a reduction would do wonders to revive a moribund economy that a generation ago was generating growth hailed worldwide as miraculous.
First, they need to focus on generating growth.
Local officials still care far more about generating growth than abstract goals like social equality.
We need liquidity to circulate credit to the productive economy, generating growth and employment.
If the Fed's policy succeeds in generating growth and inflation, it will render the returns on the bonds less valuable.
The US would lead this recovery by generating growth and jobs via fiscal conservatism and pro-business policies.
Most politicians now believe that businesses are better than bureaucracies at generating growth.
Final demand does not include exports, and clearly our exports are massively important for generating growth in the whole economy.
But media companies are also introducing technology that they hope will solve the more difficult tasks of generating growth and delaying the obsolescence of DVD altogether.
True, the economy is weak and unemployment is too high, but a further interest rate reduction could just pile on more pain, without generating growth.
Several of Syriza's own policy priorities are aimed at generating growth, and these domestic efforts should be accompanied by a reversal of the Troika's austerity conditionality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com